People always ask how we’re able to find and pick the best startups from all over the world and the truth is, it’s hard work, but unmasking startup heroes and discovering incredible innovations makes it all worthwhile.
Our scouting process involves a lot of components and each process is meticulously planned. But for now, we wanted to give you a quick snapshot of what it takes to review 10,000 startup applications, and end up with 150 ultimate heroes.
The best thing about scouting is it never gets boring. Every year we scout and review thousands of startups. For each challenge we launch, we are scouting a completely different set of startups – healthcare, green tech, automotive, robotics… – no working day is the same.
Being so multi-faceted means we have expertise in many different industries and have the opportunity to continually learn and improve.
Now, I’ll let you in on a little secret; judging startups isn’t actually fun.
We want to support as many entrepreneurs as we can, so reviewing their applications is always difficult. Even though a startup may not be right for this challenge, we know there is a global challenge out there in need of their innovation.
No matter what the outcome, we will always offer a breakdown of our scouting process and feedback of how you can improve your pitch in future.
Giving constructive feedback like this is one thing we believe sets us apart from other scouting partners. A ‘no’ from one challenge could mean a ‘yes’ for another challenge – it’s never the end of the road.
Luckily, we have a team of experts with years of experience in reviewing startups, and spotting true entrepreneurial talent.
We spoke to one of our Global Meetup special visitors, James Caan, about his experience reviewing startups as an investor and former U.K Dragon:
“I’ve spent the last 30 years of my career looking for startup talent. The mistake a lot of people make is thinking there is a magic formula for making your startup investor ready but the truth is, there isn’t. Of course, there are steps you can take but at the end of the day it’s all about showcasing passion and talent for your business.
I want to work with startups who truly believe they can change the world with their innovation. That’s the kind of entrepreneur that catches my attention.
The scouting team at Get in the Ring have an incredibly difficult job because I know first hand, that the calibre of startups they have access to is second to none. I’m looking forward to hearing from the final selection of startup heroes at the Global Meetup this year.”
Want to see what startup judging really looks like? Then you need to join the Global Meetup. There, we will review 150 startups in just 24 hours.
Now THAT is a challenge. Let the battles commence!
Check out how you can get involved here.